Interim manager
From Wikipedia, the free encyclopedia
An interim manager is a person who provides temporary managerial support usually at executive level to an organisation and the achievement of its business objectives.
Companies use interim managers for a variety of reasons. Examples include:-
- Company turnaround and business recovery
- A 'change agent’ e.g. BPR, business move, implementation of lean manufacturing etc
- As a facilitator helping an organisation with an issue which the existing management team have had little or no experience
- Managing the transition to an out-sourcing policy
- As a gap manager covering for illness, maternity or the time it takes to recruit a permanent replacement following the departure of a member of staff
- As project manager where permanent resource is simply unable to cope with workload or time constraints
- As a supplement to fast growth whilst infrastructure is built to manage the ongoing workload
The interim manager must possess a combination of skills including the ability to operate objectively, be apolitical and have effective communication skills. Career Interim Managers normally operate through their own limited companies.
Interim managers are usually set defined objectives by their clients, the achievement of which signifies the end of the assignment. Interim management assignments typically last between 3-12 months.
[edit] Setting up as an interim manager
Interim managers must demonstrate the following:-
- A successful permanent career with a proven track record to achieve positive results at the highest level.
- A limited company.
- A minimum of at least £250K Professional Indemnity Insurance.
- A day rate aspiration which closely reflects the clients evaluation of the role required to be performed.
[edit] Interim management providers
Specialist interim management providers offer significant added value for an organisation seeking an interim manager. This is not only in terms of candidate choice, quality and speed of supply but by providing additional safeguards for managing an assignment through to a successful conclusion.
Most Interim Management providers require their managers to operate through a limited company because it demonstrates their commitment to a career as an interim manager and also makes the contractual relationship simpler.
